Business expenses excludes…
A) Fire insurance premium of office building .
B) LIC premium on the life of proprietor .
C) Interest on capital .
D) Repair of office furniture
Correct Answer:
Verified
Q7: Goods lying with the consignee are shown
Q8: Credit balance in Cash Book means-
A)Bank overdraft
Q9: AB are two partners in a firm,
Q10: ` 5,000 paid as local cartage on
Q11: If outside liabilities and owners' equity are
Q13: Goods received from other co-venturer is debited
Q14: Which of these is not a function
Q15: Drawee is the person…..
A)Who draw a bill
Q16: Accounting is a/ an -
A)Science .
B)Art .
C)Subject
Q17: Trial Balance is prepared to….
A)Check true and
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